Picking stocks after big intraday moves

Discussion in 'Trading' started by arzoo, Sep 12, 2002.

  1. arzoo


    How do you pick stocks after the market has moved up or down big intraday? I ask since I've noticed I have difficulty in making good % gains on such plays.

    For example, the mkts go down 2% in the 1st hr, with stocks moving down 3-4%, after 1/2 hr or so, a new base forms and mkt may either snap back or fall further. What indicators or things do you look for.

    I ask this coz, i sometimes find it hard to re-enter issues that are down 3-1/2 to 4+% up/down already.

    Conversely, what do you guys look for to spot reversals. I noticed I get some fake ones quite a bit.